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Bangladesh working to increase its export earnings to $60b in 2021

  • Sun Online Desk
  • 3rd November, 2015 08:53:45 PM
  • Print news
Bangladesh working to increase its export earnings to $60b in 2021

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Commerce Minister Tofail Ahmed today said the government has been working to diversify its export products and expand export market to increase the export earnings to US$60 billion in 2021.


"Bangladesh is currently earning $32 billion by exporting 729 products to 196 countries annually and we have been working to increase the earnings to $60 billion in 2021, the year Bangladesh will celebrate its golden jubilee of independence," Tofail said while speaking at a panel discussion on regional economic partnership at Bangkok, according to information received here, BSS reports.


The commerce minister is now in Thailand's capital Bangkok for joining the 12th conference of the Asia-Pacific Form of the UN Economic and Social Commission for Asia and the Pacific (ESCAP).


He said if the trade barriers are removed Bangladesh will be able to expand its market very quickly as among the LDCs, Bangladesh has made a remarkable progress in social and economic sectors. Internationally reputed research organizations have highly appreciated the Bangladesh progress and they forecast that the country would be able to accelerate this progress in the days to come, he added.


Tofail said Bangladesh has already emerged as a lower middle income country under the leadership of Prime Minister Sheikh Hasina who came to power with a promise to build a Digital Bangladesh and to achieve a middle income country status by 2021.


"Bangladesh is on the right track to achieve a middle income status by 2021. It is also very close to be a Digital Bangladesh," said the minister.


Deputy Prime Minister of Thailand Dr Somkid Jatusripitak presented the keynote paper while Hon. Shane Jones of New Zealand and LCT Tekreth Kamrang of Cambodia also spoke at the panel discussion.


Later, Tofail Ahmed called on UN under secretary general and ESCAP's executive secretary Dr Shamshad Akhtar and sought ESCAP's technical and other cooperation for expanding bilateral and regional trade.